A “cap would likely result in a significant slowdown in the economy,” Mason said Wednesday on a call with reporters after the bank reported fourth-quarter results. He added that affordability is an important issue that Citi wants to collaborate with the administration on, but “an interest rate cap is not something that we would, or could, support, frankly.”
WATCH: Citigroup Inc. posted an 84% surge in financial advisory fees in the fourth quarter, capping a year in which the firm’s revenue from handling mergers rose by more than half to an all-time record. Dani Burger reports. Source: Bloomberg
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